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Apr 28, 2010
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. >>> breaking news from toyota, it will recall 50,0002003 model year toyota sequoias to upgrade the software in the vehicle stability control. this is similar to the issue that we saw with the lexus gx 3450. no injuries, no accidents contributed to the issue with the software in the 2003 sequoias, but, again, toyota recalling 50,000, 2003 toyota sequoias for vehicle stability control upgrades. guys, back to you. >> this is in addition to what we saw after that consumer reports came out with the lexus and then recommending, of course, that the lexus be recalled. >> right, correct. we're talking about stability control and whether or not the system, the software, the logic that they call it within the software is functioning at optimum capacity in terms of how it should be working. that is upgraded as part of this recall. again, toyota saying no accidents, no injuries reporting from this problem. >> thanks very much, fill lebeau. >>> let's go back to our greece panel there. they're still there. matt hogan, andy believes there is a play here. i want to get in this question to you befor
. >>> breaking news from toyota, it will recall 50,0002003 model year toyota sequoias to upgrade the software in the vehicle stability control. this is similar to the issue that we saw with the lexus gx 3450. no injuries, no accidents contributed to the issue with the software in the 2003 sequoias, but, again, toyota recalling 50,000, 2003 toyota sequoias for vehicle stability control upgrades. guys, back to you. >> this is in addition to what we saw after that consumer reports...
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Apr 26, 2010
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. >>> ross, toyota says it managed to boost global production in march by a whooping 96.7%, relative 770,000 vehicles. but the steep gain is largely on the back of low comparison figures from march 2009 numbers when the company was adjusting to a plunge in demand in the wake of the global financial crisis. still, things could be looking up for the embattled automaker. the nikkei reporter this weekend said impressive operating profit of as high as half a billion dollars for the financial year. above market consensus. this is attributable to the weaker yen and cost-cutting efforts. toyota shares getting a boost up more than 3%, 3690 japanese yen. >>> and still to come on the program, we'll take a look at what's moving the stock markets in our european stock watch. right after this. >>> look at the view of times square early in the morning in new york. 22 minutes past 4:00. eurozone governments a little bit lower today. investor tensions still very much, the ten-year note yield has dropped at 3.04%. ten years, huge week of auctions this week. $118 billion of two, five and seven-year not
. >>> ross, toyota says it managed to boost global production in march by a whooping 96.7%, relative 770,000 vehicles. but the steep gain is largely on the back of low comparison figures from march 2009 numbers when the company was adjusting to a plunge in demand in the wake of the global financial crisis. still, things could be looking up for the embattled automaker. the nikkei reporter this weekend said impressive operating profit of as high as half a billion dollars for the...
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Apr 6, 2010
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says toyota knowingly hid the defect. the d.o.t. is probing two other toyota recalls. today a vice president of toyota motor sales said they're reviewing the fine from the government. >> we will work hand in hand and discuss that fine. i've been with toyota 30 years. i can tell you this, toyota has always put the customer first, safety and reliability is one of our top priorities, and the good news last month is, you know, we'll stand by our product, and we are very grateful that our customers are standing by toyota. >> as you look at shares of toyota, the question is whether or not this company will pay that fine of more than $16 million. erin, check out the blog in terms of the options for toyota. it has two weeks to appeal, fight it in court or pay $16 million. when you're a company with $25 billion in cash, that's a slap on the wrist. >> thank you very much. >>> a new round in the battle between the white house and edmunds.com. the white house today in the form of christina rommer, the chief of the counselle of economic advisers, blasted edmunds say edmunds was wro
says toyota knowingly hid the defect. the d.o.t. is probing two other toyota recalls. today a vice president of toyota motor sales said they're reviewing the fine from the government. >> we will work hand in hand and discuss that fine. i've been with toyota 30 years. i can tell you this, toyota has always put the customer first, safety and reliability is one of our top priorities, and the good news last month is, you know, we'll stand by our product, and we are very grateful that our...
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Apr 29, 2010
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breaking news from toyota. a week and a half after recalling around 5,000 lexus gx 460 and two weeks after suspending sales of the luxury suv, toyota has a fix in place to fix the stability control issues with that vehicle. the company is now going to resume sales of the lexus gx 460 and will start contacting owners of those 5,000 who have already bought the suv so they can come in and get the software upgrade. again, toyota, resuming sales of the gx 460 two weeks after suspending sales. trish, back to you. >> phil, thank you so much. >>> we have seen upside in europe and certainly huge volume in spain's exchange-traded funds on the back of the country's downgrade, as well as heavy volume in the italy etf right here. what about portugal and ireland? what are we seeing there? bob pisani is joining us live from the new york stock exchange with a look at all the etf trades. what do you see? >> weekly look at the etf business. you can buy and sell the whole country stock markets using exchange traded funds. take a
breaking news from toyota. a week and a half after recalling around 5,000 lexus gx 460 and two weeks after suspending sales of the luxury suv, toyota has a fix in place to fix the stability control issues with that vehicle. the company is now going to resume sales of the lexus gx 460 and will start contacting owners of those 5,000 who have already bought the suv so they can come in and get the software upgrade. again, toyota, resuming sales of the gx 460 two weeks after suspending sales. trish,...
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Apr 23, 2010
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japan's nikkei is reporting that toyota may report an operating profit of 40 billion yen. and that is 2.5 times what they originally forecast coming on the back of reduced costs and weaker yen. >>> well, our next guest is seeing signs is of exhaustion in risk appetite. he is now seeing a one-month lag between the baltic index, and selected commodities. this could in turn result in a decline in commodity currencies versus the u.s. dollar. for more on the decline of the baltic index, we bring in the chief market strategist with cmc markets. always good to have you on the program, and welcome back. >> thank you for having me, maria. >> let's talk about the correlation by tween the baltic dry index and commodities and what does it tell you and why is this index so critical from your standpoint? >> yes, maria, the baltic dry index is a cost of shipping goods, and materials and non-fuel, but we have to be careful before we talk about it further. we have to say that the cost of these ships is not only a factor of the demand, but also of the supply and of the availability of ships
japan's nikkei is reporting that toyota may report an operating profit of 40 billion yen. and that is 2.5 times what they originally forecast coming on the back of reduced costs and weaker yen. >>> well, our next guest is seeing signs is of exhaustion in risk appetite. he is now seeing a one-month lag between the baltic index, and selected commodities. this could in turn result in a decline in commodity currencies versus the u.s. dollar. for more on the decline of the baltic index, we...
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Apr 19, 2010
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so, again, toyota paying $16.375 million. mark? >> thank you very much, phil lebeau. >>> in the next hour, by the way, see if other businesses will stop doing business with goldman sachs because of the fraud charges. but right now, let's hit the markets. we start with cool breeze, bob pisani's here at the big board. bob. >> good morning, mark. citi reported a sizable beat on the top line and the bottom line, both of them. look what we've got. we've got citi, jpmorgan and bank of america all reporting numbers that were pretty good. there's two problems. number one, much of the gains we've seen already priced in the way the stocks are trading. ci citi's up 37% year to date, bank of america up 22%. the problem is the financial reform thing you were talking about the senator, that throws a monkey wrench into potential earnings down the road because it could be much more aggressive than the street expected. much of the gains in the s&p 500 for earnings this year are financial gains. that could be a big problem. halliburton came out with
so, again, toyota paying $16.375 million. mark? >> thank you very much, phil lebeau. >>> in the next hour, by the way, see if other businesses will stop doing business with goldman sachs because of the fraud charges. but right now, let's hit the markets. we start with cool breeze, bob pisani's here at the big board. bob. >> good morning, mark. citi reported a sizable beat on the top line and the bottom line, both of them. look what we've got. we've got citi, jpmorgan and...
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Apr 6, 2010
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toyota failed to notify quickly about its defective pedals. toyota will not directly address the fines, but says it has taken the steps to improve communication issues. >>> south korea will recall 13,000 vehicles sold in the country because of suspected defaults. all the suspected models have floor mats which could hamper the operation of the pedals. nicole. >>> in the united states, 25 people have been killed in a blast in west virginia. four people are still unaccounted for and rescue operations have been halted. the blast happened monday afternoon at the upper branch mine. the cause is unknown, but the mine has a history of violations for not properly ventilating highly combustible gas. massey fell more than 5% in after hours trading. >>> the finance chairman will be watching china's currency practices closely in the next week to decide on what legislation congress should pass on the issue. saturday, treshgry secretary timothy geithner delayed that decision on whether or not to actually delay their call on china, manipulating its currency.
toyota failed to notify quickly about its defective pedals. toyota will not directly address the fines, but says it has taken the steps to improve communication issues. >>> south korea will recall 13,000 vehicles sold in the country because of suspected defaults. all the suspected models have floor mats which could hamper the operation of the pedals. nicole. >>> in the united states, 25 people have been killed in a blast in west virginia. four people are still unaccounted for...
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Apr 22, 2010
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we had toyota in focus yesterday. moody's cutting the, elsewhere in shanghai, the composite, 1.1% lower. we're seeing more measures, fresh measures by the government to cut circulation. that is weighing on the index there. the hang seng down 0.3%. in south korea, the kospi sliding 0.4%. the bombay sensex rising to the up side, up 1.3%. and the australian market down almost 1%. how is all this impacting the ftse cnbc global 3 hunl index? let's check to see how that is faring in light of what's happening in the equity market. we are waiting for it to come up. just give us a little bit of time so far. nicole, it is one of those things on a thursday morning. what can i say? >> i like to call it a friday eve, christine. it makes it sounds a little better. regardless of the charts, let's take a look at what we're seeing in the united states. lower across the board with dow futures down about 8 below fair value right now. excuse me. they are a little bit lower, actually. so are nasdaq futures and s&p 500 futures. we have abo
we had toyota in focus yesterday. moody's cutting the, elsewhere in shanghai, the composite, 1.1% lower. we're seeing more measures, fresh measures by the government to cut circulation. that is weighing on the index there. the hang seng down 0.3%. in south korea, the kospi sliding 0.4%. the bombay sensex rising to the up side, up 1.3%. and the australian market down almost 1%. how is all this impacting the ftse cnbc global 3 hunl index? let's check to see how that is faring in light of what's...
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Apr 6, 2010
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speaking of toyota, that was the good news. the bad news, facing a maximum penalty of more than $16 million for failing to notify the u.s. government about the gas pedal problem. phil lebeau joins us from ro rosemont, illinois. >> reporter: the transportation is allowed to levy against one auto manufacturer for not notifying the government quicker about a defect. and all of this has to do with the sticky pedal recall, when toyota knew about it and when they notified the government. on september 29th, there are documents that show that toyota had information about the problem but did not notify the federal government and announce the recall until january 21st. remember, a week later they then started doing the modification of the brake pedals. nhtsa yesterday notifying toyota $16 million. toyota has fixed roughly 1.3 million of the roughly 2.3 million vehicleses with the problem. there could be future recalls. toyota yesterday responding to the fine saying, we have already take answer number of important steps to improve our com
speaking of toyota, that was the good news. the bad news, facing a maximum penalty of more than $16 million for failing to notify the u.s. government about the gas pedal problem. phil lebeau joins us from ro rosemont, illinois. >> reporter: the transportation is allowed to levy against one auto manufacturer for not notifying the government quicker about a defect. and all of this has to do with the sticky pedal recall, when toyota knew about it and when they notified the government. on...
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Apr 6, 2010
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toyota will continue to offer most of its big incentives through april. according to published reports, renault, nissan and daimler will partner on small vehicles. u.s./brazil, billions in subsidies paid to american cotton farmers. >>> for more on today's market moves let's head back to the floor of the new york stock exchange where they are standing by. i hear you say we are going to hit 1200 for s&p 500 next week and 13 by september. what are your predictions. >> the only thing that truly worked are technicals. off to the 1044 on the downside we bounced off that level. that's all that has been ringing sounding true for the marketplace. technicals fundamentals look good but technicals are what they are basing their opinions to buy and sell the market on. grinding higher, volume is light. i think it's going to continue having 1200 next week, middle of may s&p. >> how about dow, is it a resistance point? >> of course it is. i don't trade based on the dow, i'm more focused on s&p. 11,000 is the resistance point. we should obviously over take that if we're m
toyota will continue to offer most of its big incentives through april. according to published reports, renault, nissan and daimler will partner on small vehicles. u.s./brazil, billions in subsidies paid to american cotton farmers. >>> for more on today's market moves let's head back to the floor of the new york stock exchange where they are standing by. i hear you say we are going to hit 1200 for s&p 500 next week and 13 by september. what are your predictions. >> the only...
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Apr 6, 2010
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and i've been with toyota for 30 years. i can tell you this, toyota always put the customer first. safety and reliability is one of our top priorities. and the good news last month is, you know, we'll stand by our product, and we're very grateful that our customers are standing by toyota. >> don esmin joining us here outside chicago before he meets in a couple of hours with 50 of the top toyota dealers. by the way, erin, speaking of ray lahood, he's coming here to chicago this afternoon. he's going to be out at o'hare airport. we'll catch up with him and talk to him about this record fine of more than $16 million that the dot slapped on toyota yesterday. back to you. >> phil lebeau, thank you very much. we'll look forward to that. just ahead, trading the globe, two countries you may have never expected could be the ones that will actually lead the global economy higher. not the u.s. and not a brick. >>> and later, we're talking mine safety and what else must be done to prevent another tragedy with dennis o'dell. he's with the united mine workers of america. he'll be with us. as we
and i've been with toyota for 30 years. i can tell you this, toyota always put the customer first. safety and reliability is one of our top priorities. and the good news last month is, you know, we'll stand by our product, and we're very grateful that our customers are standing by toyota. >> don esmin joining us here outside chicago before he meets in a couple of hours with 50 of the top toyota dealers. by the way, erin, speaking of ray lahood, he's coming here to chicago this afternoon....
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Apr 26, 2010
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on the ford side of things, you have ford benefiting from the mess at toyota. they have a phenomenal run, and alan mulally is doing everything right. i own for it the clients, but i don't know if i would add to the positions now, but if you have maalox and willing to take a risk, i am owning toyota at this point both for myself and clients. it is a little bit more of a gamble, but you are banking and banking that most of the bad news is baked into the stock price. >> well, it is a great point. of course, the first quarter has been better than expected on a lot of fronts, but we are waiting on evidence of end market demand, revenue growth, and are you seeing that? >> in places we are seeing the revenue, but it is one of the things coming stock by stock and we know that the auto market is stronger than you would expect, and the same with technology if you see what twe get out of apple and not so much nokia. we know that palm is not doing so well, but radio shack is pulling out of that. you have to pick and choose your places. i am not buying the market as a whole
on the ford side of things, you have ford benefiting from the mess at toyota. they have a phenomenal run, and alan mulally is doing everything right. i own for it the clients, but i don't know if i would add to the positions now, but if you have maalox and willing to take a risk, i am owning toyota at this point both for myself and clients. it is a little bit more of a gamble, but you are banking and banking that most of the bad news is baked into the stock price. >> well, it is a great...
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Apr 15, 2010
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we had talked about toyota suspending worldwide sales of its lexus, gx 460. also saying it's starting safety tests for all the suvs. so that stock is down 8%, as well. >>> the banking stocks doing well on the back of good numbers from jpmorgan and that helped south korea's kospi push higher. the banks in south korea also doing well because moody's yesterday updating -- or upping the sovereign ratings and it does show that the financial health seems to be a little better. so good gains for the financials in south korea, as well. and on that note, i'll send it back to nicole in the u.s. >> and saijal, for all of you procrastinators out there, there is less than 20 hours to file your federal income tax forms. up nextwell, we will talk to john hewitt, a pioneer in the tax industry, coming up. ♪ well, look who's here. it's ellen. hey, mayor white. how you doing? great. come on in. would you like to see our new police department? yeah, all right. this way. and here it is. completely networked. so, anything happening, suz? she's all good. oh, my gosh. is that my c
we had talked about toyota suspending worldwide sales of its lexus, gx 460. also saying it's starting safety tests for all the suvs. so that stock is down 8%, as well. >>> the banking stocks doing well on the back of good numbers from jpmorgan and that helped south korea's kospi push higher. the banks in south korea also doing well because moody's yesterday updating -- or upping the sovereign ratings and it does show that the financial health seems to be a little better. so good gains...
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Apr 12, 2010
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big toyota sign and the rooftop owners wouldn't have anything to do with it. of course i have to have some props this morning. that includes the little nachos in a big helmet. the cubs doing their part to promote obesity in this country. right here you have the full nachos in here in the real helmet and the bison -- don't know if they're going to take it but the bison hot dog for $5.50 by tom rickets' ranch, the new owner of the cubs in wyoming. let me take a quick bite because it's required. okay. very lean like bison. it has more omega 3s than salmon and the leanest of the meats. >> does it taste like a hot dog? >> reporter: yeah, it does. they've done a really nice job. and it does taste very lean and good. throughout the day we'll be here and have the new owner of the cubs tom rickets. do i have mustard on me? tom rickets on squawk on the street. he'll talk about the whole business and how the $845 million business -- that bet will pay off. >> did i hear you correctly? you said they've redone the bathrooms but the trough is still there? >> reporter: yes. t
big toyota sign and the rooftop owners wouldn't have anything to do with it. of course i have to have some props this morning. that includes the little nachos in a big helmet. the cubs doing their part to promote obesity in this country. right here you have the full nachos in here in the real helmet and the bison -- don't know if they're going to take it but the bison hot dog for $5.50 by tom rickets' ranch, the new owner of the cubs in wyoming. let me take a quick bite because it's required....
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Apr 8, 2010
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it was a memo send by irv miller, who retired from toyota, a lead executive of toyota, from january 16th. here's the note in the memo getting the attention, revolving around whether or not they should alert the authorities about pedal defects. it says, "the time to hide on this is over. we need to come clean, and i believe that jim lentz and yoshi inaba were on the way to d.c. for meetings with nhtsa to discuss optioned." the so-called "come clean" e-mail sent five days before nhtsa was alerted of a recall from toyota of 2.3 million vehicles with faulty gas pedals. remember, last week, toyota was fined $16.4 million by the d.o.t. because it was slow in enacting that recall. the d.o.t. says toyota knowingly hid the defect. because of this damaging memo, more questions are coming out about whether or not toyota is really tone-deaf in terms of responding to concerns from the public. the company responded to the e-mail being leaked by saying, "we have publicly acknowledged on several occasions that the company did a poor job of communicating during the period preceding our recent recalls. we
it was a memo send by irv miller, who retired from toyota, a lead executive of toyota, from january 16th. here's the note in the memo getting the attention, revolving around whether or not they should alert the authorities about pedal defects. it says, "the time to hide on this is over. we need to come clean, and i believe that jim lentz and yoshi inaba were on the way to d.c. for meetings with nhtsa to discuss optioned." the so-called "come clean" e-mail sent five days...
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Apr 22, 2010
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brand and the product toyota remained. and the american people are very forgiving. but they would like a gesture. so we communicated to toyota at the end of february that some level of incentive was appropriate considering the circumstances. and they came with a very nice program. and toyota customers responded dramatically to it. for us, our toyota business was up 38% in march compared to a year ago. >> how have your ford dealers been behaving. >> ford's done very well, up 40% for the entire quarter so it's very impressive number. ford accrued a dramatic brand goodwill from the american people by not taking a government bailout. then they had extraordinary products there ready and waiting. because ford was never as disrupted as general motors and chrysler were in the whole product development cycle. so you put the two together, business is very good for ford motor company. >> with the general motors just this week paying back taxpayers in the united states and canada, do you anticipate ford will be able to hold those cust
brand and the product toyota remained. and the american people are very forgiving. but they would like a gesture. so we communicated to toyota at the end of february that some level of incentive was appropriate considering the circumstances. and they came with a very nice program. and toyota customers responded dramatically to it. for us, our toyota business was up 38% in march compared to a year ago. >> how have your ford dealers been behaving. >> ford's done very well, up 40% for...
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Apr 14, 2010
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check out toyota. halting sales of lexus suv a day after consumer reports said it had handling problems. toyota trading up almost 1%. melissa. >>> crude on the back of surprising inventory data. take a look where oil inventories are trading right now. they're up almost two bucks on the day, better than 2%. 85.89 the last trade there. sharon epperson joins us live from the floor of the new york mercantile exchange. sharon? >> seen a spike in prices since that number came out a little over an hour ago and the bulls in good steady. the reversal that we saw on record volume here to above $84 for a the barrel and remaining above that level before the number came out and then we get the surprise decline in crude supplies and everyone was expecting a bill and we have seen bills for ten straight weeks and that is something that folks are paying attentions as we make our way back to the $87 level. sure omecis saying $70 to $80 is the range because oil fundamentals look like it but we are looking at prices that
check out toyota. halting sales of lexus suv a day after consumer reports said it had handling problems. toyota trading up almost 1%. melissa. >>> crude on the back of surprising inventory data. take a look where oil inventories are trading right now. they're up almost two bucks on the day, better than 2%. 85.89 the last trade there. sharon epperson joins us live from the floor of the new york mercantile exchange. sharon? >> seen a spike in prices since that number came out a...
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Apr 13, 2010
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it's being reported that toyota's lexus gx 460 suv is a safety risk. consumer reports says they're urging consumers not to buy this suv until rollover risks have been resolved. you to toy is responding that it's concerned with the reports and that its engineers condition duct similar tests. it promises to try and duply indicate the tests to see if steps should be taken. >> you didn't say anything about accelerators sticking, did you? >> no. this is a completely different problem. >> do they typically buy a car? >> no. it's a rare thing. there have been other suvs that have had problems. >> rollover risks? >> yes. >> that's what people worry about. >> they're so top heavy. anyway, we'll have more from phil coming up at the top of the hour. right now, let's talk about the trading day ahead. kevin ferry is standing by at the cme group. kevin, we've pushed above 11,000, just barely, but what's happening in the pits right now? >> good morning, becky. so there's a ton going on and i think it's going to be an interesting day and an interesting week, too. the
it's being reported that toyota's lexus gx 460 suv is a safety risk. consumer reports says they're urging consumers not to buy this suv until rollover risks have been resolved. you to toy is responding that it's concerned with the reports and that its engineers condition duct similar tests. it promises to try and duply indicate the tests to see if steps should be taken. >> you didn't say anything about accelerators sticking, did you? >> no. this is a completely different problem....
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Apr 8, 2010
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the toyota front? >> listen to what this guy says. don't drive your toyota. take it to the dealer. beam me up, scottie? he told airlines a couple weeks ago don't be against light rail. he warns them. don't exercise your free right of speech to say this works or doesn't work. but i think he's a guy that takes his cues from someone else and he'll say if you do this you'll have to give us gates in o'hare and slots at washington reagan and that may enough to mess up this deal. >> politically, phil, do you see any resistance? >> not more than what we already pointed out here. i do think it's the labor front. it's not the political front that is going to be the stumble being block. >> i think it's labor. i think phil is 100% right. he said in the first hour of the broadcast and we said three times labor, labor, labor. that's going to be the stumbling block because that's where the money is and where savings come from. >> the tradeoff they face in washington is labor on one hand but dire straits of the overall industry on the other and ultimate survival. >> that's it. >> good to see you.
the toyota front? >> listen to what this guy says. don't drive your toyota. take it to the dealer. beam me up, scottie? he told airlines a couple weeks ago don't be against light rail. he warns them. don't exercise your free right of speech to say this works or doesn't work. but i think he's a guy that takes his cues from someone else and he'll say if you do this you'll have to give us gates in o'hare and slots at washington reagan and that may enough to mess up this deal. >>...
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Apr 1, 2010
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>>> all right, let's take a look at ford and toyota. one company seeing a resurgence, the other a fall from grace. ford shares are up 115% over the last two years. toyota, meantime, down 21%. let's take a closer look at those charts. ford, despite not taking government money, hit a closing low of $1.26 a share back in november '08 after the big three ceo testified on capitol hill. now, the company's stock saw a resurgence with the company reporting a 2009 yearly profit earlier this year, its first in four years. meantime, toyota, also unable to escape the financial crisis. shares plummeted as low as $61.25 in october '08, following a dismal earnings report. the company able to bounce back, though, the stock hitting a 52-week high of $91.97 in mid-january. that, of course, though, before the massive recall. that has taken a toll on the stock, with it currently trading at around $80. simon. >>> the federal government is set to issue new fuel standards today for the automotive makers, and indeed, for drivers. hampton pearson is live in was
>>> all right, let's take a look at ford and toyota. one company seeing a resurgence, the other a fall from grace. ford shares are up 115% over the last two years. toyota, meantime, down 21%. let's take a closer look at those charts. ford, despite not taking government money, hit a closing low of $1.26 a share back in november '08 after the big three ceo testified on capitol hill. now, the company's stock saw a resurgence with the company reporting a 2009 yearly profit earlier this...
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Apr 30, 2010
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still in japan, we continue to watch toyota. it's back. toyota announced it has started selling its luxury suv, the lexus gs-460 this week after the cars were pulled off the dealership for two weeks. some sales of the 460 models after a consumer report magazine warned against buying the vehicle and called it a safety risk. in a note to send out to u.s. dealers this week, the automaker said owners of the recalled vehicles will get a free car wash and fuel tanks filled and may claim as much as $45 for one day of rental expenses. all right. coming up next on "worldwide exchange," we will continue to look at what's happening in the markets and how uncertainty in the euro zone can prove to be a boom for asian investments. that's coming up next. cloudy with winds blowing northwest at 10 kilometers fer hour. humidity, 65%. bertha. >> love it. joining us now, peter dixon from commerzbank and, of course within still with us, our guest host, robert pryor, senior asian economist from hsbc. peter, i wanted to start with you. the big number today here
still in japan, we continue to watch toyota. it's back. toyota announced it has started selling its luxury suv, the lexus gs-460 this week after the cars were pulled off the dealership for two weeks. some sales of the 460 models after a consumer report magazine warned against buying the vehicle and called it a safety risk. in a note to send out to u.s. dealers this week, the automaker said owners of the recalled vehicles will get a free car wash and fuel tanks filled and may claim as much as...
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Apr 6, 2010
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meantime, toyota facing a $16.4 million fine by u.s. regulators. >> the story just keeps going and going. thank you so much, saijal patel. >> so if you want to leave our viewer investors with one final thought, what would it be? >> i think the u.s. treasury at current levels is attractive. i think as we get into the secretary second half of the year, they should foep focus on whether the global goods market continues to move forward. as time moves on, i think we should focus at take some key assets for the table. be risky assets. >> what kind of valuation do you think we'll get? i think 3%. >> thank you so much. >>> just to keep you up to date with what's going on here in the uk, it is a big day in london. you're looking at live pictures of number 10 downing street. this is where he's having a cabinet meeting. what's expected is that he will come out of downing extreme, he will make hs way to buckingham palace to ask the queen to dissolve parliament, which would be done next monday. this is downing street that you're looking at, obvious
meantime, toyota facing a $16.4 million fine by u.s. regulators. >> the story just keeps going and going. thank you so much, saijal patel. >> so if you want to leave our viewer investors with one final thought, what would it be? >> i think the u.s. treasury at current levels is attractive. i think as we get into the secretary second half of the year, they should foep focus on whether the global goods market continues to move forward. as time moves on, i think we should focus...
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>>> toyota is facing a record $16.4 million fine from regulators saying the automaker delayed a recall for defective accelerator parts and tratding down on the session. larry? >> all right, fannie mae out with its housing survey to gauge how the real estate crash has affected consumer attitudes towards housing. this, as we head into the crucial spring selling season. so, what do americans think about walking away from under water mortgages? owning a home as an investment and the government's housing bailout? well diane olick joins us with fannie mae chief economist first on cnbc. hello, diana. >> hello, larry. this is a one of a kind look at where consumers stand on housing and joining us is fannie mae chief economist bob duncan. i want to get to this survey. it's really fascinating. 73% of those you surveyed said they believe home prices will either stay as they are or actually rise this year, however, they also say that a home is a safe investment as dropped from 83% just seven years ago to only 70% who believe today a home is a safe investment. have home prices bottomed in your view
>>> toyota is facing a record $16.4 million fine from regulators saying the automaker delayed a recall for defective accelerator parts and tratding down on the session. larry? >> all right, fannie mae out with its housing survey to gauge how the real estate crash has affected consumer attitudes towards housing. this, as we head into the crucial spring selling season. so, what do americans think about walking away from under water mortgages? owning a home as an investment and the...
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some suits are by toyota owners claiming their vehicles have lost value. others are asking for money for injuries from sudden acceleration problems. toyota has recalled more than eight million vehicles worldwide for issues with their gas pedals and brakes. >> tom: here's what we're watching for next week. our friday market monitor guest is dr. hans black, chairman of inter-invest. on monday, alcoa kicks off the first quarter's earnings season. later in the week, we'll see results from bank of america, general electric, google and j.p. morgan. monday, u-s/china relations. we'll look at the currency and trade issues, as the leaders of both countries meet. >> susie: netflix customers who want to see popular movies like "avatar" will have to wait even longer. today, the online movie rental company and twentieth century fox signed a new distribution deal: it includes a 28-day delay on new releases. in exchange, fox will provide some of its television shows to netflix for internet streaming for the first time. fox's blockbuster "avatar" will be among the first f
some suits are by toyota owners claiming their vehicles have lost value. others are asking for money for injuries from sudden acceleration problems. toyota has recalled more than eight million vehicles worldwide for issues with their gas pedals and brakes. >> tom: here's what we're watching for next week. our friday market monitor guest is dr. hans black, chairman of inter-invest. on monday, alcoa kicks off the first quarter's earnings season. later in the week, we'll see results from...
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Apr 22, 2010
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in march our toyota business on unit volume was up an astounding 38%. so what i always said through the whole crisis was that what we saw on the showroom floor was the fundamental confidence and trust in toyota remained. they needed at the end of the day to come with an incentive program to deal with the situation. i asked for that. i supported that. it was the right thing to do. it continues into april. toyota will come through this and it will cost them economically but as far as their position in the market, they're going to be able to maintain it. we also saw a revival of the domestic business in the first quarter led by ford motor company. so this is broad based automotive recovery under way and you can now say unequivocally with these results in the first quarter. >> looking there at the chart. hard to believe. $3 handle in october of '08 on autonation. we've come a long way since then. you look a lot healthier. you look better. your hair hasn't come back in terms of gray and darkness. anyone goes through that and it's a better place where we are
in march our toyota business on unit volume was up an astounding 38%. so what i always said through the whole crisis was that what we saw on the showroom floor was the fundamental confidence and trust in toyota remained. they needed at the end of the day to come with an incentive program to deal with the situation. i asked for that. i supported that. it was the right thing to do. it continues into april. toyota will come through this and it will cost them economically but as far as their...
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Apr 21, 2010
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. >> last month was a big month and a lot of the incentives came at the market and toyota leading the market with incentives and old gm would have thrown money at the market to catch up with anyone else, and this gm is showing more discipline and you will see it in the discipline results. >> ipo this year is a strong possibility, but before that, the analysts want to see if the gm rebound can last. >> these are positive signs, but they are not out of the woods yet. we have a ways to go, and i don't think they will be able to go public on the time frame any time soon. >> for gm workers in kansas city, there is optimism building with every malibu that rolls off of the line. >> well, it was great news for general motors and fairfax here, and good news to get the money we needed to pay the government back. >> we are excited about it. you know, that means job security. >> how much job security? well, gm is now running three shifts at this plant. they will add another 900 jobs which is a commitment to sink more money into the plant they announced today, maria, general motors is now faced wi
. >> last month was a big month and a lot of the incentives came at the market and toyota leading the market with incentives and old gm would have thrown money at the market to catch up with anyone else, and this gm is showing more discipline and you will see it in the discipline results. >> ipo this year is a strong possibility, but before that, the analysts want to see if the gm rebound can last. >> these are positive signs, but they are not out of the woods yet. we have a...
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Apr 14, 2010
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. >> elsewhere, watching toyota, the company has told company to stop selling its lexus suv. they're testing the risks identified by the magazine. it says no decision has been made whether to suspend sales and markets outside of the u.s. and canada. checking toyota shares, they were up almost 1% in shares today regaining after a slide caused by the magazine. nicole. >> christine, although paying taxes is about as popular as a visit to the dentist, most people manage to pay them every year. some people are dodging their obligations as taxpayers. check out our website to see what people do to try and fool the u.s. >>> after the break, i'll tell you why this is expected to be one of the most controversial that ubs has ever seen. >>> welcome back to "worldwide exchange." i'm steve sedgwick in europe. the time is 14 minutes past the hour. banking giant ubs faces a turbulent shareholder meeting later this morning in basul. activists shareholders are preparing to reject the bank's bonus packages as well as plans to absorb from wrongdoing. joining us for more on the groaned is compla
. >> elsewhere, watching toyota, the company has told company to stop selling its lexus suv. they're testing the risks identified by the magazine. it says no decision has been made whether to suspend sales and markets outside of the u.s. and canada. checking toyota shares, they were up almost 1% in shares today regaining after a slide caused by the magazine. nicole. >> christine, although paying taxes is about as popular as a visit to the dentist, most people manage to pay them...
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deer toyotae braking issue. did you feel you needed to come on hard? >> no, this is something we found in one of our routine handling tests. in the test, when the gx 460 is pushed to its limits, the rear end swings out wide until the vehicle is almost sideways. if this was to happen in a real world situation, it could lead to a rollover. >> so don't buy it? >> we're telling people not it buy it until that is fixed. >> i'm no automotive engineer and perhaps neither are you, but perhaps you are, how do you fix something like that? >> well, when this happens, we can see electronic stability control system activate. unfortunately it doesn't take control of the vehicle soon enough to keep it from sliding out wide. now, i'm no engineer, i can't, you know, speculate, but it could be as simple as something like adjusting the electronic stability control system. now this happens in a test that we used to evaluate what is called lift off oversteer n that test, our driver drives through a sweeping turn and lifts off the th
deer toyotae braking issue. did you feel you needed to come on hard? >> no, this is something we found in one of our routine handling tests. in the test, when the gx 460 is pushed to its limits, the rear end swings out wide until the vehicle is almost sideways. if this was to happen in a real world situation, it could lead to a rollover. >> so don't buy it? >> we're telling people not it buy it until that is fixed. >> i'm no automotive engineer and perhaps neither are...
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Apr 19, 2010
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the government has said toyota has agreed to pay a record $16.4 million fine for failing to properly notify authorities about the failure of a pedal defe defect. you can see right now, the stocks trading off just a little bit. down 45 cents. about half a percent. >>> want to head over right now to mr. larry kudlow who is at earnings central. hey, larry. >> hi, trish. i'm joined by tyler mathisen who's going to take a look at halliburton and eli lilly's earnings. are they making money? >> let's start with eli lilly. their net was down 5% from a year ago. what's interesting, here you see the intraday chart. $1.18 a share versus a $1.10 a share estimate. that was the call there. so they beat estimates. but here is the key. what eli lilly is saying is that year over year, health care reform is going to cost them revenue. look over there at that chart. about 300 to $400 million in revenue loss in 2010. and even more in 2011. why? two reasons. one is because of what we know, some of the other companies have been saying we're going to have to count for retiree drug costs in a different way.
the government has said toyota has agreed to pay a record $16.4 million fine for failing to properly notify authorities about the failure of a pedal defe defect. you can see right now, the stocks trading off just a little bit. down 45 cents. about half a percent. >>> want to head over right now to mr. larry kudlow who is at earnings central. hey, larry. >> hi, trish. i'm joined by tyler mathisen who's going to take a look at halliburton and eli lilly's earnings. are they making...
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keep in mind this came after toyota temporarily suspended sale of the vehicle because "consumer reports" issued a very rare "don't buy" due to risk of rollover. >>> if you're traveling to israel, don't try to bring your new apple ipad. israel has banned the ipad over concern that it consumes too much capacity on wireless networks. customs officials have confiscated ten ipads since the regularulations were announced. this is a travel city because israel is supposed to be famous for being a high-tech country. >>> and the volcano. triggering europe's biggest airspace shutdown since world war ii. a plume of dangerous volcanic ash has shut down airspace over britain, france, skand yafia, germany and other countries. healthry has been shut down. over,200 flights a day. the biggest effects felt in the united states. and tom aspell with more from london. >> reporter: a cloud of volcanic ash is drifting slowly south and east from iceland. britain and holland have closed airspaces to all but emergency flight after deeming the cloud a threat to aviation. tens of thousands of passengers are strande
keep in mind this came after toyota temporarily suspended sale of the vehicle because "consumer reports" issued a very rare "don't buy" due to risk of rollover. >>> if you're traveling to israel, don't try to bring your new apple ipad. israel has banned the ipad over concern that it consumes too much capacity on wireless networks. customs officials have confiscated ten ipads since the regularulations were announced. this is a travel city because israel is supposed...
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toyota is going to conduct a safety test on all of its suvs. this comes an consumer reports a handling problem in a new version of a lexus puts drivers at risk for a rollover, which is the worst for suvs. it has nothing to do with accelerators. >> this is a concern about suvs in general, that they're top heavy, that something could happen. but out of 95 suvs that consumer reports tested, that came in 95. >> if you were a conspiracy theorist, who would think? >> i've heard that. >> the u.s. government owns gm now and suddenly toyota is the biggest piece of crap that has ever been on the road suddenly. >> you can say that, but you can say it came as toyota became the largest carmaker and car seller in the nation. >> i know you can, like, make skooug excuses and everything else. but the reality is that we have a big, vested interest in gm succeeding now and we're finding all kinds of stuff -- >> well, consumer reports doesn't own anything in gm. >> no. >> they're not -- >> i'll find a link somewhere, raj rajaratnam. china is going to launch its fi
toyota is going to conduct a safety test on all of its suvs. this comes an consumer reports a handling problem in a new version of a lexus puts drivers at risk for a rollover, which is the worst for suvs. it has nothing to do with accelerators. >> this is a concern about suvs in general, that they're top heavy, that something could happen. but out of 95 suvs that consumer reports tested, that came in 95. >> if you were a conspiracy theorist, who would think? >> i've heard...
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Apr 20, 2010
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toyota says the recall will not affect the chinese market. this comes after the battered automaker agreed to pay a fine of $16.4 million to the u.s. deposit. >> meanwhile, eu transport ministers have agreed to partially open usair space. the pressure has been growing, though, to reopen the skies. the airline industry suffering losses of as much as $250 million a day. the asia cloud didn't make it as far as the canada eastern seaboard yesterday. the country sees pretty low risk from the traveling ash and normal operations have since resumed. international flights are taking off from the airport today in europe from the likes of paris and spain. last week, of course, it was a death spiral. now apparently it is a death circle. this is george soros, billionaire investor, selling cnbc that the company faces falling into higher borrowing costs. it will hurt economic activity. david kotok is still with us. david, the german finance minister today has been warning of a lehman crisis if greece defaults. he's trying to get the german toes back the bail
toyota says the recall will not affect the chinese market. this comes after the battered automaker agreed to pay a fine of $16.4 million to the u.s. deposit. >> meanwhile, eu transport ministers have agreed to partially open usair space. the pressure has been growing, though, to reopen the skies. the airline industry suffering losses of as much as $250 million a day. the asia cloud didn't make it as far as the canada eastern seaboard yesterday. the country sees pretty low risk from the...
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Apr 8, 2010
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automakers were down with toyota and honda both dropping nearly 2% while mazda plummeted over 4%. electronics faired no better with bellwether sony dropping over 4%. core machinery orders fell more than 5% in february. it came as a negative sprees as the market forecast had been for growth. real estate shares were sluggish. data shows that the office vacancy rate in central tokyo hit a record high of 8.75% in march. bucking the trend was fuji electric holdings. shares rose to a year-to-date high after nikkei reported that large scale tests of next generation smart gifts grids involving some 5,000 households are set to begin this fiscal year. that's all from tokyo, the nikkei business report. back to you, christine. >> thank you very much for that. nicole, i bet there's an interesting story coming up after this. >> there's one that happens at 1:42 p.m. eastern time. i bet you know, actually, christine. tiger woods, yes, returns to professional golf, teeing off at the masters. we're going to go live to augusta. >>> tiger, i am more prone to be inquisitive, to promote discussion. i w
automakers were down with toyota and honda both dropping nearly 2% while mazda plummeted over 4%. electronics faired no better with bellwether sony dropping over 4%. core machinery orders fell more than 5% in february. it came as a negative sprees as the market forecast had been for growth. real estate shares were sluggish. data shows that the office vacancy rate in central tokyo hit a record high of 8.75% in march. bucking the trend was fuji electric holdings. shares rose to a year-to-date...
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the firm predicts low profit levels for toyota. they cannot buy a break lately. >> no. >>> and as we wait on the latest read in the housing market with existing home sales due at the top of the hour, which is obviously in about five minutes, a glimmer of good news in the apartment area. u.s. apartment vacancy rates have stopped rising. rents have seen a modest increase in the first quarter. joining us to talk about how the markets will react to that, rod petrick with stifel nicolaus, also a real estate analyst. rod, interesting, some, you know, a hedge fund manager was on the show the other day saying apartments are the way to go because as the markets recover, people forced to live at home or with extended family, they're going to go out and rent before they buy. so, this would be consistent with overall economic improvement, wouldn't it? >> absolutely. occupancies are already high with the public companies and when you have those post-college-age kids in their 20s kind of exit the nest, it's going to have even an increased demand
the firm predicts low profit levels for toyota. they cannot buy a break lately. >> no. >>> and as we wait on the latest read in the housing market with existing home sales due at the top of the hour, which is obviously in about five minutes, a glimmer of good news in the apartment area. u.s. apartment vacancy rates have stopped rising. rents have seen a modest increase in the first quarter. joining us to talk about how the markets will react to that, rod petrick with stifel...
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squawk@cnbc.com. >>> also, an electric car alliance in an effort to take on toyota and others. the deal on that when we come back. have put their faith in sun life financial. we should be a household name. and we will be. so you're suggesting that we change our name from florida, the sunshine state, to...? florida -- the sun life state. the posters will be so cool. sooner or later, you'll know our name. sun life financial. >>> good morning. welcome back to "squawk." i'm carl quintanilla along with michelle caruso-cabrera. byron wien is with us. futures a little negative this morning. red arrows in europe as well as the concerns about greece still circulate around and we await the ten-year note auction later on today. >> during "power lunch." >> yes, 1:00 p.m. eastern. here's a quick look at some headlines. >>> they're bringing back the late '90s on capitol hill today. former chairman alan greenspan testifies before the financial crisis commission. greenspan has repeatedly defended the fed's moves to keep interest rates at then record lows. >>> back to the present. new survey sh
squawk@cnbc.com. >>> also, an electric car alliance in an effort to take on toyota and others. the deal on that when we come back. have put their faith in sun life financial. we should be a household name. and we will be. so you're suggesting that we change our name from florida, the sunshine state, to...? florida -- the sun life state. the posters will be so cool. sooner or later, you'll know our name. sun life financial. >>> good morning. welcome back to "squawk."...
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exporters like toyota and canon enjoyed a favorable session. meanwhile, electric electronics maker sharp says it will boost lcd television output this year perhaps by a significant amount. the company met all its sales targets for 2009 and foresees demand rising sharply, not only in japan, bus also in china and elsewhere. sharp also announced it will release the world's first 3-d television with four base display colors which will account for 5% to 10% of the lineup in the first year. in other news, honda is developing an emission-free electric motorbike, featuring a toshiba lithium ion battery. the ecobike, likely to debut in december is a single seater similar to a 50 cc scooter and will run around 30 kilometers per charge. honda plans to release the model in the domestic market where it will likely be priced around 500,000 yen or $5,000. and that was the nikkei business report for today, back to you. >> interesting. ken moriyasu from the nikkei. thank you. >>> and christine, talks between u.s. airways and united are reportedly revolving arou
exporters like toyota and canon enjoyed a favorable session. meanwhile, electric electronics maker sharp says it will boost lcd television output this year perhaps by a significant amount. the company met all its sales targets for 2009 and foresees demand rising sharply, not only in japan, bus also in china and elsewhere. sharp also announced it will release the world's first 3-d television with four base display colors which will account for 5% to 10% of the lineup in the first year. in other...
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toyota led the market with a lot of incentives. old gm would have thrown a lot of money at this market just to catch up with everybody else. this gm is showing more discipline and i think you'll see that in the financial results. >> reporter: your inventory is already lower than you would like it to be. how much do you have to ramp it up here in the next few months, especially if the auto market really starts to take off and the consumer starts coming into showrooms? >> we're exploring ways all the time right now of how to get more product into this market. we have undercalled certain products -- equinox, terrain, some of these products we've undercalled and we're doing whatever we can to get more product into this market. >> reporter: but you're already at three shifts in this plant. the question will start coming up, does gm need to start considering reopening some of the plants that it earmarked for closure or delaying the closure of some of those plants, because it takes some time? >> i think we're looking, we're exploring a nu
toyota led the market with a lot of incentives. old gm would have thrown a lot of money at this market just to catch up with everybody else. this gm is showing more discipline and i think you'll see that in the financial results. >> reporter: your inventory is already lower than you would like it to be. how much do you have to ramp it up here in the next few months, especially if the auto market really starts to take off and the consumer starts coming into showrooms? >> we're...
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. >> reporter: on the same line, do you think you benefitted from problems we saw this quarter at toyota? >> well, we have been getting new customers from the japanese -- our japanese competitors as well as domestic competitors but again, i would go back to the strength of the product line because as you know when it comes to customer satisfaction and quality and all the third-party endorsements, j.d. power and consumer reports, many believe we have the finest car lineup of small, medium and large cars, utility trucks ever. it's the strength of the products. >> reporter: you're talking about production in the second quarter being up about 40%. are you looking to bring people back to your plants, start hiring again? >> absolutely. one of the neatest things we're all very excited about is that clearly now with the industry coming back and us coming back even faster because of the increasing market share that we're going to have a chance to increase production as we mentioned in the second quarter that we're going to do and now we're going to have a chance to offer great cars and careers at
. >> reporter: on the same line, do you think you benefitted from problems we saw this quarter at toyota? >> well, we have been getting new customers from the japanese -- our japanese competitors as well as domestic competitors but again, i would go back to the strength of the product line because as you know when it comes to customer satisfaction and quality and all the third-party endorsements, j.d. power and consumer reports, many believe we have the finest car lineup of small,...
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Apr 21, 2010
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toyota, kia and things like that, yeah, but not including probably beamers or mercedes. i guess people still think -- >> porsche. doesn't porsche come in on top of satisfaction? >> just tell me to shut up. >> he deserves it. he wasn't here. he doesn't even know what you're talking about. because i said porsche is an italian company. >> now i can't hear this. we're just talking about my windmill, too. >> yeah, your windmill car and that football oblong -- >> anyway, the recession changed the playing field for fixed nl income investors. joining us flower is marilyn kohn. marilyn, thanks for joining us this morning. >> thank you. >> it is a new landscape and bonds are garnering a lot of attention right now. how did things change when things fell apart? >> things have changed dramatically. the fixed income market has been unbelievably embraced by baby boomers that said get me the heck out of stocks, i can't take it any more. and we've seen more flows into bond funds than ever before. and you've got millions of viewers that are managing their own separate portfolios. and i wr
toyota, kia and things like that, yeah, but not including probably beamers or mercedes. i guess people still think -- >> porsche. doesn't porsche come in on top of satisfaction? >> just tell me to shut up. >> he deserves it. he wasn't here. he doesn't even know what you're talking about. because i said porsche is an italian company. >> now i can't hear this. we're just talking about my windmill, too. >> yeah, your windmill car and that football oblong -- >>...
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look at what's happened to toyota and they still haven't fixed it. so that's something that i will hold for a while, most likely. >> thanks for phoning in. appreciate it. got to take a break. coming up next, ears to the wall with a tech name that could be poised for a takeout. >>> mega capitalists come to congress. fast money's guide to trading edge before the face-off. plus, the make your flat screen possible but can they make you money? how to trade this tv titan ahead of earnings. >>> welcome back to the "fast money" halftime report. let's put our ear to the wall. potential m and a target here? >> yeah, mcafee looks like it. i've got nothing back from the company yet but we saw big option trades hit in the first ten minutes of trading. it has continued surging up over 15,000, 16,000 contracts, almost no putsing on long the stocks. hewlett-packard the rumored takeover potentially. >> let's take our position on x u.s. steel got set to release earnings tomorrow morning. tim, rising iron ore cost, q-2 is seasonably longer though. what are you expectin
look at what's happened to toyota and they still haven't fixed it. so that's something that i will hold for a while, most likely. >> thanks for phoning in. appreciate it. got to take a break. coming up next, ears to the wall with a tech name that could be poised for a takeout. >>> mega capitalists come to congress. fast money's guide to trading edge before the face-off. plus, the make your flat screen possible but can they make you money? how to trade this tv titan ahead of...
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what if the auto sales numbers we saw this time around were simply because of the massive incees from toyota and honda and others trying to come on board? what if part of the big numbers we've seen have been home sales have been doing better but that's also about we're about to lose the tax credit on this and the fed's getting out of buying mortgages. >> as the economics reporter, i will answer for the group. they don't care how they sell cars as long as they sell them. >> yes, but you -- >> it's moving units. >> but if you pull sales ahead -- what was the number you quoted yesterday? >> nentd to buy a car in six months ask back to the november lows which is the lowest since they started keeping records in '67. mike jackson couldn't care less about that metric. he said it was more about housing stabilization and employment stabilization. >> ultimately the business ike elle is overwhelming a lot of our concerns. pent-up demand is part of what's driving sales because nobody bought stuff for two years. it's all wornout and the prices are low and if you're -- think about the 90% who aren't unemp
what if the auto sales numbers we saw this time around were simply because of the massive incees from toyota and honda and others trying to come on board? what if part of the big numbers we've seen have been home sales have been doing better but that's also about we're about to lose the tax credit on this and the fed's getting out of buying mortgages. >> as the economics reporter, i will answer for the group. they don't care how they sell cars as long as they sell them. >> yes, but...
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for the record, toyota is an underwriter of the newshour. on wall street today, blue-chip stocks made up some of the ground they lost on friday. the dow jones industrial average gained 73 points to close at 11,092. but the nasdaq fell 1 point to close at 2480. the russian government served notice today that a freeze on u.s. adoptions will stay in force until a new agreement is in place. talks were to begin today, but the ash cloud over europe prevented the u.s. delegation from getting to moscow. the russians imposed a freeze last week after a tennessee woman sent her adopted son back to russia by himself. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's web site. but for now, back to judy. >> woodruff: u.s. supreme court justices heard arguments today in two big cases. first up was a clash over free speech rights of religious groups on college campuses and school anti-discrimination policies. the second case dealt with text messaging and workplace pr
for the record, toyota is an underwriter of the newshour. on wall street today, blue-chip stocks made up some of the ground they lost on friday. the dow jones industrial average gained 73 points to close at 11,092. but the nasdaq fell 1 point to close at 2480. the russian government served notice today that a freeze on u.s. adoptions will stay in force until a new agreement is in place. talks were to begin today, but the ash cloud over europe prevented the u.s. delegation from getting to...
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toyota is an underwriter of the newshour, for the record. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's web site. for now, back to jeff. >> brown: and still to come on the newshour, the i-pad and the future of computing; troubled times for silicon valley; and jews, arabs, and the holocaust. but first, the pope's response to the scandals that have rocked the catholic church. margaret warner has the story. >> warner: on a soggy sunday in rome, thousands of the faithful celebrated easter mass in st. peter's square. but amid the age old ritual came a break with tradition. cardinal anglo, dean of the college of cardinals irb issued a ringing tribute to pope benedict xvi lauding him as the unfailing rock of the catholic church. and he dismissed allegations about the pope's alleged role in the church's sexual abuse scandal. >> holy father, on your side are the people of god who do not let themselves be influenced by the petty gossip of the moment, by the trials which sometimes affect the communi
toyota is an underwriter of the newshour, for the record. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's web site. for now, back to jeff. >> brown: and still to come on the newshour, the i-pad and the future of computing; troubled times for silicon valley; and jews, arabs, and the holocaust. but first, the pope's response to the scandals that have rocked the catholic church. margaret warner has...
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for the record, toyota is an underwriter of the "newshour." in thailand today, a standoff between security forces and protesters known as "red shirts" erupted into new violence, on the outskirts of bangkok. we have a report from nick paton walsh of "independent television news." >> reporter: when the red shirts said they'd take their seven week old protest from bangkok's center, to across the town, it was pretty obvious they'd soon run into an army, here in number to contain them. and if they were looking for trouble, they soon found it. ( gunfire ) amid the traffic and the sticky heat of a highway, they took pot shots at each other. it's become a new way of talking in a long conflict that many worry could drift into civil war. the police pelted with anything from rocks to bottles. and protestors targeted with rubber bullets and baton charges. ( gunfire ) the busy fly-overs of south east the protestors-- mostly the rural poor angry at the urban elite's hold on society-- at first just wanted new elections. now they've been duking it out in the
for the record, toyota is an underwriter of the "newshour." in thailand today, a standoff between security forces and protesters known as "red shirts" erupted into new violence, on the outskirts of bangkok. we have a report from nick paton walsh of "independent television news." >> reporter: when the red shirts said they'd take their seven week old protest from bangkok's center, to across the town, it was pretty obvious they'd soon run into an army, here in...
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and we're waiting on more information from toyota. we're back in two minutes. . i switched to commodities. there's even more volatility in markets like gold and crude oil, and i can go long or short any time, with no special rules. commodities? yeah, and commodities always have value, unlike some stocks. well, how'd you get started? lind-waldock. call lind-waldock, the premier futures broker, at 800-445-2000 and see if commodities are right for you. i've been growing algae for 35 years. most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big commitment to finding out... just how much algae can help to meet... the fuel demands of the world. >>> we begin this hour with a one-two punch of breaking news. on capitol hill, former federal reserve
and we're waiting on more information from toyota. we're back in two minutes. . i switched to commodities. there's even more volatility in markets like gold and crude oil, and i can go long or short any time, with no special rules. commodities? yeah, and commodities always have value, unlike some stocks. well, how'd you get started? lind-waldock. call lind-waldock, the premier futures broker, at 800-445-2000 and see if commodities are right for you. i've been growing algae for 35 years. most...
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. >>> and toyota's troubles. the automaker agreeing to pay a record $16.4 million fine to u.s. safety regulators as "squawk box" begins right now. >>> good morning, everybody, and welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and carl quintanilla. andrew sorkin of "the new york times" is going to be joining us for the next two hours on set, as well. andrew, thanks for being here. >> thanks for having me. we do have a lot to talk about. >> we do. golgdman sachs and the fallout and everything coming with it. let's start with the global market reaction to that goldman sachs this morning. asian stocks suffering the biggest loss in about ten weeks on this news as fears spread to asia after kicking off things here in the united states. as you can see, the nikkei closed down by 1.7%. the hang seng was down by 2.1% and the shanghai composite was off by 4.8%. in earlier trading this morning, not quite as severe in terms of the losses there. you can see downward reaction. but you're talking down by less than half a percent across the board. commodity prices,
. >>> and toyota's troubles. the automaker agreeing to pay a record $16.4 million fine to u.s. safety regulators as "squawk box" begins right now. >>> good morning, everybody, and welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and carl quintanilla. andrew sorkin of "the new york times" is going to be joining us for the next two hours on set, as well. andrew, thanks for being here. >> thanks for having me. we do...
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toyota is expected to pay that fine. it has one month to do so. transportation officials say the punishment does not protect toyota from criminal or civil lawsuits relating to accident or injuries related to the gas pedal. >> i have a tidbit. $16.4 million would be the biggest fine ever. they have a month to pay it. that would be about 21 hours of profit. in less than one day, they make enough money to pay that fine. >> it may be the biggest fine but no sweat off their brow. >> when we see these big fine, especially wall street, it's like, wow, that's 15 minutes of sales. >> goldman sachs, in big letters, what did they know over the pictures of various wall street executives and goldman sachs executives. that's the question folks have this morning. what did they know? when did they know it? >> and was it immoral and illegal. that's what the s.e.c. is charging that it was illegal. a lot of americans feel like the game has been rigged, that the banks stand in the middle and make money on all sides of everything. this one is specific. this is goldman
toyota is expected to pay that fine. it has one month to do so. transportation officials say the punishment does not protect toyota from criminal or civil lawsuits relating to accident or injuries related to the gas pedal. >> i have a tidbit. $16.4 million would be the biggest fine ever. they have a month to pay it. that would be about 21 hours of profit. in less than one day, they make enough money to pay that fine. >> it may be the biggest fine but no sweat off their brow....
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. >> more trouble for toyota. another fine from the federal government. courtney regan joins us now live with more on this story. >> yes toyota may be facing additional fines on top of that $16.4 million imposed by the government last week for taking too long for notifying regulators. the ntsb may seek more penalties because toyota said the pedals had two separate defects. it's costing more to fill up your car. regular unleaded up four cents to national average of $2.85. analysts say retailers are passing on more of the costs of higher price oil to consumers. a school in michigan is putting its money where its mouth is. lansing community college is so convinced that there are jobs that it's offering a money back guarantee. if you show good faith effort and still can't find a full time job within a year of graduating you will get a refund. >> lansing admissions will go up? >> you would think so. >> courtney regan, thank you. >>> 6:51 right now. storm center 4 is where we fine chuck bell with the sort of forecast we like to hear about. >> absolutely right.
. >> more trouble for toyota. another fine from the federal government. courtney regan joins us now live with more on this story. >> yes toyota may be facing additional fines on top of that $16.4 million imposed by the government last week for taking too long for notifying regulators. the ntsb may seek more penalties because toyota said the pedals had two separate defects. it's costing more to fill up your car. regular unleaded up four cents to national average of $2.85. analysts...